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The central bank wants an e-GBP to be retail-focused and could form part of a “mixed payments economy” alongside cryptocurrency stablecoins.
The bank for central banks is expanding its CBDC research while developing a platform to monitor stablecoin balance sheets.
Tech firms may be able to quickly gain payments dominance, which a CBDC could break
The central bank of India wants to proceed with CBDC testing in the smoothest way possible, deputy governor Rabi Sankar said.
Gazprombank, a subsidiary of a state-owned energy corporation, which participates in Russia’s CBDC initiative, fears losing a part of its income as the digital ruble replaces traditional fiat currency.
Finance minister Jeremy Hunt says the digital pound, or “Britcoin,” would be issued and backed by the Bank of England, but it won’t negate the use of cash.
The Lao central bank and the Soramitsu firm signed an MOU to launch the project to expand financial inclusivity and provide sellers with faster settlement.
UK likely to issue central bank digital currency as anchor for monetary sovereignty
The Bank of England predicts a UK CBDC by 2030.
Multiple Chinese city governments have given away millions worth of e-CNY to try to promote consumption around the holiday season.
The digital pound roadmap is reportedly set to be introduced next week, along with a joint public consultation.
The Central Asian country’s CBDC project is right on time, according to a 2020 roadmap, as consumers and merchants use the currency in a controlled environment.
Indonesia’s financial services regulator had hoped to set up the crypto exchange by the end of 2022, but this was delayed by a number of obstacles.